Denmark based Carlsberg and its partner Myanmar Golden Star (MGS) will begin operating their first factory by the end of 2014, according to MGS Company.
Early this year, Carlsberg and MGS formed a joint venture–Myanmar Carlsberg Co., Ltd. and held a joint venture inauguration ceremony at Chatrium Hotel, Yangon on 1 February. They planned to brew beer with Myanmar name in addition to Carlsberg brand. The brand name of the beer has yet to be decided. The company is planning to export a million cans of beer (Myanmar beer) per month to Europe.
Carlsberg owns 51 per cent of Myanmar Carlsberg Co., Ltd. and MGS own 49 per cent. The initial investment is believed to be between US$35 million and US$50 million.
“The factory is under construction right now. We expect to finish in 2014. We will distribute both brands [Carlsberg and a local brand name] in Myanmar market. We will export beer with Myanmar brand name to Europe market,” said MGS Chairman Thein Tun.
Carlsberg is a Danish brewing company located in Copenhagen, Denmark. In 2009, it is the 4th largest beer company in the world. It is a renowned brand in Myanmar.
MGS Group of Companies is privately owned by U Thein Tun. He and his family are also running Tun Foundation Bank.